31. Subsequent events

Closure of ceramic plant in Wesel

As part of the specialisation strategy of the ceramics network, Geberit decided to close the ceramics plant in Wesel at the end of 2026. New constructive solutions will significantly simplify the manufacture of complex premium ceramic products in the future, which is why the high level of manufacturing expertise currently available in Wesel will become increasingly less important. Despite significant investments in the plant since it was taken over as part of the Sanitec acquisition in 2015, the outdated condition of the infrastructure has been an insurmountable obstacle to a sustainable and economically viable modernisation. In addition, the space available at the site does not allow for further expansion of the plant in the long term. The product portfolio currently manufactured at the Wesel plant will be transferred to other Geberit sites. Around 300 employees are affected by the closure. The local management is in negotiations with the works council to finalise a social plan. The aim is to find fair and socially acceptable solutions for the employees affected, including the possibility of transferring employees to other Group locations.

Other subsequent events

The consolidated financial statements are subject to approval by the General Meeting and were released for publication by the Board of Directors on 5 March 2025.